Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-07-04-Speech-3-119"
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"en.20010704.3.3-119"2
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".
Unfortunately, as regards the Takeover Directive, I was forced to vote against the findings of the Conciliation Committee.
I consider it a great shame that partly because of my “no” vote so many years of work have been lost. But ultimately the quality of the end product must be our guide. The end product is not good, partly because it makes the position of European companies facing American takeover bids too weak and specifically weaker than that of an American company targeted by a European bidder.
Moreover, everything is concentrated on only one aspect, namely increased capitalisation, while other defensive techniques or instruments are not coordinated. Anyone who believes that as a result of this proposal European companies will be dealt with on an equal footing, is proved wrong.
I regret, in all sincerity, that for these reasons I was bound to vote against."@en1
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